– Shares drop after hours-long event without a car unveiling
– Musk sees potential for clean energy with little sacrifice
Elon Musk’s latest master plan for Tesla Inc. fell flat as the electric-car maker shared scant details about next-generation models that will underpin its next phase of growth.
The roughly four-hour presentation was long on calculations of what the sustainable energy transition will require, along with boasts about manufacturing and engineering efficiencies. But Musk and the executives who joined him on stage wrapped Tesla’s investor day without giving a glimpse of cheaper EVs that may still be years away.
“I’d love to really show you what I mean and unveil the next-gen car, but you’re going to have to trust me on that until a later date,” Franz von Holzhausen, Tesla’s design chief, said at the company’s headquarters in Austin, Texas. “We’ll always be delivering exciting, compelling and desirable vehicles, as we always have.”
By: Dana Hull and Sean O’Kane
This article was originally published by Bloomberg on 1 March 2023 at 23:04 CET Updated on 2 March 2023 at 15:43 CET
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